Prospective Phoenix Coyotes buyer Greg Jamison is working out new terms for an arena management deal with Glendale City Manager Horatio Skeete that could see a new agreement and final purchase of the team happen as soon as Friday.

That would keep the team in the Phoenix market and conclude a convoluted three-year process to sell the team.

Jamison and Skeete are meeting today and working on a new arena deal after Glendale backpedaled on a 20-year, $300 million arena payment package to the Coyotes suitor.

Glendale wants to cut the first five years of that payment plan from $92 million down to $72 million.

Jamison is now open to those changes and wants to get a deal done this week, according to multiple sources familiar with the last-minute negotiations.

Skeete told the Glendale City Council Wednesday he could have a new deal finalized with Jamison today or tomorrow.

The two men are meeting and hashing out final details, according to several sources.

The arena deal could then be presented to the Glendale City Council for a quick vote. A majority of the seven-member council backed the previous Coyotes deal.

Jamison has the financing in place to buy the team, and sources say the money is actually in escrow.

NHL owners could quickly approve the sale. The NHL has owned the team since 2009.

A purchase would likely result in Coyotes free agent captain Shane Doan re-signing with Phoenix.

Related links:

Industries:

Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.